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Pawlenty calls for tax cuts...
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06-08-2011, 08:55 AM
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Pawlenty calls for tax cuts...
Pawlenty calls for tax cuts and smaller government role in economic address
CHICAGO — Former Minnesota governor Tim Pawlenty ® offered what he called a dramatic alternative to President Obama’s “big government and heavy-handed regulations” in an economic address at the University of Chicago on Tuesday morning. Speaking at one of the world’s foremost centers of free-market thought — and just a few miles from the offices of Obama’s reelection campaign — Pawlenty, who began his presidential campaign last month, proposed deep cuts to taxes and spending and a wholesale revision of federal regulations to “turbocharge” the economy to a level of growth not seen since the presidencies of Bill Clinton and Ronald Reagan. <..> “The Post Office, the Government Printing Office, Amtrak, Fannie and Freddie were all built for a time in our country when the private sector did not adequately provide those products,” he said. “That’s no longer the case.” Pawlenty proposed slashing the corporate income tax from 35 percent to 15 percent and establishing just two individual tax rates: 10 percent for the first $50,000 of income ($100,000 for married couples) and 25 percent for all income above that. The result would be a one-third cut in the bottom rate and a 28 percent cut in the top rate. http://www.washingtonpost.com/politics/p...l_politics Idiot
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